A co-founder of the classified advertising site Backpage.com who has been jailed for the last 10 days on charges of facilitating prostitution has been released in Phoenix on a $1 million bond as he awaits trial.

[RELATED: Backpage.com shut down by FBI]

Magistrate Judge John Boyle ordered James Larkin to put up two properties as surety on the bond.

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Larkin also was ordered to wear an electronic monitoring device.

[RELATED: Backpage.com CEO pleads guilty to conspiracy and money laundering]

Larkin, co-founder Michael Lacey and five Backpage.com employees were arrested in what authorities say was a scheme to publish prostitution ads.

[READ MORE: Backpage creators indicted on prostitution and money laundering charges]

The site founders and four employees pleaded not guilty.

Last week, authorities revealed Backpage.com CEO Carl Ferrer pleaded guilty to a federal conspiracy charge in Arizona and money laundering charges in California.

[READ MORE: Feds: Backpage.com made $500M from prostitution-related ads]

Lacey was released after posting a $1 million bond.

[RELATED: Sex trafficking survivor hopes Backpage shutdown leads to awareness]

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